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obama: time to end it. romney: now, in one year you provided $90 billion in breaks to the green energy world. now, i like green energy as well, but that's about 50 years' worth of what oil and gas receives, and you say exxonmobil -- actually, this $2.3 billion goes largely to small companies, to drilling operators and so forth. but, you know, if we get that tax rate from 35% down to 25%, that $2.8 billion is on the table. of course it's on the table. that's probably not going to survive to get that rate down to 25%. but don't forget, you put $90 billion, like 50 years' worth of breaks into solar and wind, solyndra and fisker and tesla and enter one. i had a friend who said you don't just pick the winners and losers, you pick the losers. all right? so this is not the kind of policy you want to have if you want to get energy secure. the second topic, you said you'd get a deduction for taking a plant overseas. look, i've been in business for 25 years. i have no idea what you're talking about. i maybe need to g
obama: time to end it. romney: now, in one year you provided $90 billion in breaks to the green energy world. now, i like green energy as well, but that's about 50 years' worth of what oil and gas receives, and you say exxonmobil -- actually, this $2.3 billion goes largely to small companies, to drilling operators and so forth. but, you know, if we get that tax rate from 35% down to 25%, that $2.8 billion is on the table. of course it's on the table. that's probably not going to survive to get...
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and ironically if you repeal obama care, and i've become fond of this terms, obama care. if you repeal it, what happens, those seniors will pay $600 more in prescription care, will have to pay copays for basic checkups that will keep them healthier and the primary beneficiary of that repeal are insurance companies that are estimated to gain billions of dollars back when they aren't making seniors any healthier, and i don't think that's the right approach when it comes to making sure that medicare is stronger over the long term. >> we'll talk about -- specifically about health care in a moment. do you support the voucher system, governor? >> what i support is no change for current retirees and near retirees to medicare and the president supports taking $716 million out of that program. that's number one. number two, for people coming aalong that are young. what i do to make sure we have medicare in place for them. is allow them to choose the current medicare program or a private plan, their choice. and they'll have at least two plans that will be entirely at no cost to the
and ironically if you repeal obama care, and i've become fond of this terms, obama care. if you repeal it, what happens, those seniors will pay $600 more in prescription care, will have to pay copays for basic checkups that will keep them healthier and the primary beneficiary of that repeal are insurance companies that are estimated to gain billions of dollars back when they aren't making seniors any healthier, and i don't think that's the right approach when it comes to making sure that...
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let me tell you exactly what obama care did. number one, you've got health insurance, it doesn't mean a government takeover. you keep your own insurance. you keep your own doctor. but it does say insurance companies can't jerk you around. they can't impose arbitrary lifetime limits. they have to let you keep your kid on their insurance plan until you're 26 years old. and it also says that you're going to have to get rebates if insurance companies are spending more on administrative costs and profits than they are on actual care. number two. if you don't have health insurance, we're essentially setting up a group plan that allows you to benefit from group rates that are typically 18% lower than if you're out there trying to get insurance on the individual market. now, the last point i would make before. >> two minutes is up, sir. >> i had five seconds before you interrupted me was that the irony is that we've seen this model work really well. in massachusetts. because governor romney did a good thing. working with democrats in th
let me tell you exactly what obama care did. number one, you've got health insurance, it doesn't mean a government takeover. you keep your own insurance. you keep your own doctor. but it does say insurance companies can't jerk you around. they can't impose arbitrary lifetime limits. they have to let you keep your kid on their insurance plan until you're 26 years old. and it also says that you're going to have to get rebates if insurance companies are spending more on administrative costs and...
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president obama called donald trump small business. that's so foolish, it's not worth talking about. i live in a world with my four restaurants, and i tell you it's very, very difficult. we can't afford anymore taxes or regulation and people sticking their hands in the pie. we can't raise prices. talk about kids going to college, why go to college and spend $85,000 on a college education if you can't get a job? it's insane. that's what they are missing. the american people won tonight. we got a clear choice. double down on how bad obama is or look for a new vision. neil: you know, ed, quickly, i talked to a few folks who were surprised at what they consider governor romney dialing back a little bit, the size of the tax cut, even though it's 20% across the board for all income groups. he's taken away so many deductions, writeoffs, ect., and now they say, hell, i'm not getting a break at all. i know what governor romney's trying to do, reach out to the middle class, saying he's not an elitist or favor the rich, but could that backfire on
president obama called donald trump small business. that's so foolish, it's not worth talking about. i live in a world with my four restaurants, and i tell you it's very, very difficult. we can't afford anymore taxes or regulation and people sticking their hands in the pie. we can't raise prices. talk about kids going to college, why go to college and spend $85,000 on a college education if you can't get a job? it's insane. that's what they are missing. the american people won tonight. we got a...
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now, if you are barack obama you already have it. what is to stop you from san amide looked at that new drug. you know what i mean. it does seem to be a sense that, you know, they are planning for a victory that might not happen. if this gets out then it could strike a lot of voters as, at the very least, arrogant. >> i think that they are forgetting that president obama is not the only piece of the puzzle. you still have a republican house which republicans that it will a lot to. mitt romney loses, paul ryan will still be the budget chairman. democrats can line up all these big spending initiatives if they want to, but the fact is that the house is still going to be majority republican. if republicans don't take back the senate is going to be the same situation that we have ad for the past two years. i would say that they're going to go as far as trying to decorate the office before they have it. we might see another turnaround election in the year 2014 like we did in 2010 if they continue to push this big spending big government. n
now, if you are barack obama you already have it. what is to stop you from san amide looked at that new drug. you know what i mean. it does seem to be a sense that, you know, they are planning for a victory that might not happen. if this gets out then it could strike a lot of voters as, at the very least, arrogant. >> i think that they are forgetting that president obama is not the only piece of the puzzle. you still have a republican house which republicans that it will a lot to. mitt...
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president obama, what is his greatest hazard? >> there are times with debates back in the democratic primary he comes off smug and seems condescending and patronizing. he is not a position to do that but it was in the year him. >> the think he will say like senator 2010 to find her likable enough? >> i don't think we will see him repeat that mistake. lou: the romney campaign says they will not bring up the 2007 speech want you think of their choice? >> it is interesting. the two different arguments obama uses we cannot be divisive to make an incendiary comments. but to look at the mainstream media types that say we were there and it makes you wonder about their judgment how did they cover it but not cover some much rhetoric? that is a harsh criticism to make for our like to think if i cover the speech at that time that would not only be in my story but it is significant to say that. >> you question the news judgment i question the ideological judgment. it is lacking and we will go things that happened in the speech but the one el
president obama, what is his greatest hazard? >> there are times with debates back in the democratic primary he comes off smug and seems condescending and patronizing. he is not a position to do that but it was in the year him. >> the think he will say like senator 2010 to find her likable enough? >> i don't think we will see him repeat that mistake. lou: the romney campaign says they will not bring up the 2007 speech want you think of their choice? >> it is interesting....
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president obama. in what way in salted? >> the hole you didn't build it thing because we are here, we are not taking money when payroll comes. we are going out of pocket. we are not getting the help we need from government. i don't want help from government. i want them to leave me alone and it is insulting when you are doing this and trying to provide for your family and someone says i am pro small business but you didn't build your business and it is insulting. dave: we wish you the best of luck. congratulations on new jersey operations. liz: uncertainty in washington taking the toll on business with ceo optimism -- what is causing the drop in confidence? we will ask former governor john england next. south [ mujahid ] there was a little bit of trepidation, not quite knowing what the next phase was going be, you know, because you been, you know, this is what you had been doing. you know, working, working, working, working, working, working. and now you're talking about, well you know, i won't be, an
president obama. in what way in salted? >> the hole you didn't build it thing because we are here, we are not taking money when payroll comes. we are going out of pocket. we are not getting the help we need from government. i don't want help from government. i want them to leave me alone and it is insulting when you are doing this and trying to provide for your family and someone says i am pro small business but you didn't build your business and it is insulting. dave: we wish you the...
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unfortunately for the obama campaign that's the obama i saw on the stage tonight. it was not a strong performance by him. and even democrats and close obama aides acknowledge that romney was ahead on stylistic points, on zingers, they feel good about when obama was talking to the camera, to the voters and they feel good that romney, in their view, was doubling down on policies, but ultimately, performance wise, this was a strong night for mitt romney. >> david muir, we saw the big smile on mitt romney immediately after the debate. some results already coming in, romney's odds going up. >> yeah, that smile spills relief on romney's face tonight. within the campaign, too, george. in fact, i got a text before the debate was over from a key adviser who said "mission accomplished." the governor looked to put the president on the defensive. they think that was accomplished here tonight. also, you heard governor romney right out of the gate come out here and talk about a woman that he met on the trail in a last couple of days, talking about economic hardship. that was ano
unfortunately for the obama campaign that's the obama i saw on the stage tonight. it was not a strong performance by him. and even democrats and close obama aides acknowledge that romney was ahead on stylistic points, on zingers, they feel good about when obama was talking to the camera, to the voters and they feel good that romney, in their view, was doubling down on policies, but ultimately, performance wise, this was a strong night for mitt romney. >> david muir, we saw the big smile...
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or the polls biased toward president obama? vice president joe biden putting his foot squarely inis mouth again. we will play the tape. and the "a-team" with so much more. all here next. and here they come. >> this is deadly earnest. how they can justify raising taxes to the middle class that have been buried in the past four years. ashley: joining me now, "lou dobbs tonight" 18. thank you so much for being here. let me begin with you. mitt romney so quick to jump on this, the vice president saying we have a class. for the past four years. buried with debt, high unemployment, falling income, you name it. what is it with joe biden, should he just keep his mouth shut? >> i want joe biden to keep talking. he accidentally goes into this truth telling, and i think it is great because we can rely on joe biden. under the heel of the obama economy for four years. we are suffering, joe biden knows this and he forgot to not say . i don't know if all the main street media will report it but we should not slam romney for jumping on it, tha
or the polls biased toward president obama? vice president joe biden putting his foot squarely inis mouth again. we will play the tape. and the "a-team" with so much more. all here next. and here they come. >> this is deadly earnest. how they can justify raising taxes to the middle class that have been buried in the past four years. ashley: joining me now, "lou dobbs tonight" 18. thank you so much for being here. let me begin with you. mitt romney so quick to jump on...
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so for the romney campaign they want you to think 8.1% unemployment and think barack obama and the obama campaign wants you to think 47%. they want you to think of romney's effective tax rate at 14%. but the president didn't go there tonight. he missed those opportunities and left an opening for the romney campaign. >> pelley: >> pelley: juliana, thank you very much. joining us right now is major garrett from "national journal." one of the subjects covered tonight was health care, the affordable care act which some people call obamacare a term the president endorsed tonight. he said he liked that term. i wonder what you thought of the cases that were made by governor romney and the president on health care. >> scott great to be with you. i thought the health care debate was a prism into which to look at the entire economic debate which this debate was focused on largely. but health care talked about jobs, mitt romney said the president's health care law will cost jobs. the president said no it will provide jobs and security. so you saw strong contrast between the perceptions of what the
so for the romney campaign they want you to think 8.1% unemployment and think barack obama and the obama campaign wants you to think 47%. they want you to think of romney's effective tax rate at 14%. but the president didn't go there tonight. he missed those opportunities and left an opening for the romney campaign. >> pelley: >> pelley: juliana, thank you very much. joining us right now is major garrett from "national journal." one of the subjects covered tonight was...
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president obama waited until 30 minute into the debate to first talk about a voter. mitt romney was talking about his five sons. he talked about ann romney being on the trail. there were a lot of little moments in the debate where he was clearly trying to bring out the more human side to appeal to voters, womens, independents, people who you say may have seen him as a little stiff. >> woodruff: is it too early to ask both of you how you think the campaigns sense this debate is going to change anything going forward in the days to come, ari? >> just hearing from the romney campaign it sound like they got what they wanted to out of tonight. they, obviously, have work to do. they're behind in the polls. they need to make up a lot of ground. but i don't think anybody scored a lethal blow tonight. i don't think anyone made a huge gaffe tonight. but from the perspective of the romney campaign they feel like they accomplished what they needed to do. >> ifill: scott, how many eggs did the obama campaign put in this basket? >> negotiate the obama campaign was really just tryi
president obama waited until 30 minute into the debate to first talk about a voter. mitt romney was talking about his five sons. he talked about ann romney being on the trail. there were a lot of little moments in the debate where he was clearly trying to bring out the more human side to appeal to voters, womens, independents, people who you say may have seen him as a little stiff. >> woodruff: is it too early to ask both of you how you think the campaigns sense this debate is going to...
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. >> president obama and the economy. how is he managed to avoid public retribution for not fixing the economy? >> it's not a normal thing. >> the extraordinary work of a clinton initiative. >> keep pushing the rocks up the hill. >> big ideas from the big names. dee pock chopra, things get lively at the global initiative. you want to make farming sexy, don't you? this is "piers morgan tonight." >>> mr. president, thank you very much for sparing the time to talk to me. you are in the eighth year now, of the clinton global initiative. i would imagine all the world leaders you managed to amass here, there are a few topics of concentrated attention. probably right at the top of the list would be this simmering tension between israel and iran. now, i interviewed president ahmadinejad last night and he was adamant that he has no plan to build a nuclear weapon, that he has purely peaceful intention. clearly, most people here don't believe him. what is the smart thing for america to do right now, given the ratcheting up of the rh
. >> president obama and the economy. how is he managed to avoid public retribution for not fixing the economy? >> it's not a normal thing. >> the extraordinary work of a clinton initiative. >> keep pushing the rocks up the hill. >> big ideas from the big names. dee pock chopra, things get lively at the global initiative. you want to make farming sexy, don't you? this is "piers morgan tonight." >>> mr. president, thank you very much for sparing...
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there is a noise exception right now as we welcome president obama and governor romney. [applause] revi >> welcome to you both. let's start with the economy, a segment one. let's start with jobs. what are the major differences between the two of you about how you would go about creating new jobs? you have two minutes to start. mr. president, you will go first. >> i want to thank the university of denver for your hospitality. 20 years ago, i became the luckiest man on earth because michelle obama agreed to marry me. so i just want to wish, sweetie, you have the anniversary and let you know that a year from now we will not be celebrating it in front of 40 million people. [laughter] four years ago, we went through the worst financial crisis since the great depression. millions of jobs were lost. the auto industry was on the brink of collapse. the financial system had frozen up. because of the resilience and determination of the american people, we began to fight our way back. over the last 30 months, we have seen 5 million jobs in the budget we have seen 5 million jobs crea
there is a noise exception right now as we welcome president obama and governor romney. [applause] revi >> welcome to you both. let's start with the economy, a segment one. let's start with jobs. what are the major differences between the two of you about how you would go about creating new jobs? you have two minutes to start. mr. president, you will go first. >> i want to thank the university of denver for your hospitality. 20 years ago, i became the luckiest man on earth because...
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obama: time to end it. romney: in one year you provided $90 million in breaks to the green energy world. now i like green energy as well, but that is just 50 years of spain with oil and gas are seized and you say exxon and mobil, this $2.8 billion goes largely to small business for drilling operators and so forth. that $2.8 billion is on the table. of course it's on a table. that is not going to survive to get every to 25%. but don't forget it, you put $90 billion, like 50 years worth of breaks into solar and wind to sue under a too fiscal and tesla. you don't pick the winners and losers. you pick the losers. so this is not the kind of policy you want to have. you want to get america energy secure. the topic is you get a deduction for taking a plant overseas. look, i've been in business for 25 years. i have no idea which are talking about. i maybe need to get a new accountant, but the idea that you get a break for shipping jobs overseas is simply not the case. but we do have now is bring in money overseas b
obama: time to end it. romney: in one year you provided $90 million in breaks to the green energy world. now i like green energy as well, but that is just 50 years of spain with oil and gas are seized and you say exxon and mobil, this $2.8 billion goes largely to small business for drilling operators and so forth. that $2.8 billion is on the table. of course it's on a table. that is not going to survive to get every to 25%. but don't forget it, you put $90 billion, like 50 years worth of breaks...
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. >> and his take on president obama. his extraordinary work with the clinton global initiative. >> we don't have to produce miracles. we just keep pushing these rocks up be hill. things get pretty lively. you want to make farming sexy. this is piers morgan tonight. >>> thank you very much for sparing the time to talk to me. you're in the 8th year now of the clinton global initiative. i'm imagine of all the world leaders you've managed to amass here there are a few topics of concentrated attention and probably right at the top of the list would be this simmering tension now between israel and iran. he was adamant that he has no plan to build a nuclear weapon. he has purely peaceful intention. what is the smart thing for america to do right now given the ratcheting up of all the rhetoric on both sides. >> i think the smart thing to do is to maintain constant conflict with the israeli intelligent service and the arab intelligent services who don't want iran to have a nuclear weapon. the gulf states don't want to acquire nuc
. >> and his take on president obama. his extraordinary work with the clinton global initiative. >> we don't have to produce miracles. we just keep pushing these rocks up be hill. things get pretty lively. you want to make farming sexy. this is piers morgan tonight. >>> thank you very much for sparing the time to talk to me. you're in the 8th year now of the clinton global initiative. i'm imagine of all the world leaders you've managed to amass here there are a few topics...
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obama should be losing. what is your device to obama tonight? how should be addressed the economy? >> one of the mistakes the romney campaign made in trying to blame the president for the economy when you look at the reality most americans believe george bush shares more responsibility because the president inherited a mess. if that is the perception of voters try to shake that perception when it is not working it is a problem. with respect to the president he has an advantage. doesn't get all the blame. it was a terrible fiscal crisis and terrible unemployment crisis. dennis: what is your bike to obama? >> the president needs to paint the picture and be clear about where we have been and where we are and where we are going. make it clear the future is brighter. dennis: i am sick of the president blaming the other guy for problems he helped create. what do you say? >> my furnace sauce going into this is romney has to state you have been the president for the last four years, not george w. bush. we came out of some real problems in 2008 but the economy was getting better. the admini
obama should be losing. what is your device to obama tonight? how should be addressed the economy? >> one of the mistakes the romney campaign made in trying to blame the president for the economy when you look at the reality most americans believe george bush shares more responsibility because the president inherited a mess. if that is the perception of voters try to shake that perception when it is not working it is a problem. with respect to the president he has an advantage. doesn't...
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>> obama: i don't. >> romney: again, that's for future people -- >> obama: i understand. so if you are 54 or 55 you might want to listen because this will affect you. the idea which was originally presented by congressman ryan your running mate is that we would give a voucher to seniors, and they could go out in the private marketplace and buy their own health insurance. the problem is that because the voucher wouldn't necessarily keep up with health care inflation it was estimated that this would cost the average senior about $6,000 a year. now, in fairness what governor romney has now said is he'll maintain traditional medicare alongside of it. but what happens is those insurance companies are pretty clever at figuring out who are the younger and healthier seniors, they recruit them and every health care economist who looks at it says over time what happen will happen is the traditional medicare system will collapse. and then you have folks like my grandmother at the mercy of the private insurance system when they are most in need of decent health care. so i don't think
>> obama: i don't. >> romney: again, that's for future people -- >> obama: i understand. so if you are 54 or 55 you might want to listen because this will affect you. the idea which was originally presented by congressman ryan your running mate is that we would give a voucher to seniors, and they could go out in the private marketplace and buy their own health insurance. the problem is that because the voucher wouldn't necessarily keep up with health care inflation it was...
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>> why didn't obama say that? >> why didn't obama say that? yeah, we have established he could have had a better debate, if he had been more, what, up on the sound bites, if you will. and also if he didn't stirt like i do, but the fact is that romney was giving the impression all this money was going to solyndra. it is not. even solyndra isn't that bad but that's a question for another time. >> this country is on the way to energy independence because of fracking, because of the new technologies that enable us to get both natural gas and oil out of shale that we never were able to do before. that is going to change the whole economy of this country and dramatically reduce our dependency on the middle east. it's long overdue. >> wind and solar is like 1% of that 90 billion that romney cited. there was also money there, 3 billion to clean up a nuclear plant. so again, he played with the figures. but the romney that showed up the other night was not the romney we saw on the campaign trail earlier. he suddenly is now
>> why didn't obama say that? >> why didn't obama say that? yeah, we have established he could have had a better debate, if he had been more, what, up on the sound bites, if you will. and also if he didn't stirt like i do, but the fact is that romney was giving the impression all this money was going to solyndra. it is not. even solyndra isn't that bad but that's a question for another time. >> this country is on the way to energy independence because of fracking, because of...
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obama's was a kind of a scowl koech." a kind of reminder that again we're watching a television event that had the added advantage of having real substance tonight. >> exactly. and romney was communicating a different kind of affect. and that is very important. as you know, going all wait back to 1960, this is television. it will be interesting to see if he can carry that out in the town hall format for the next presidential debate. >> all right. andrea mitchell, who spent the evening going through facts for us in denver. david gregory, one more whack at what may be happening in the circles around these candidates. i guess if you're the president's team do you review tape like an nfl team? >> yeah. i think partially they'll do that. just to make him crisper. i think part of what they've tried to do all along is disqualify romney as a credible alternative. as chuck alluded to, you're elevated when you're on the stage with the president. so i think that's where they try to go to work. and they're going to hammer away at a l
obama's was a kind of a scowl koech." a kind of reminder that again we're watching a television event that had the added advantage of having real substance tonight. >> exactly. and romney was communicating a different kind of affect. and that is very important. as you know, going all wait back to 1960, this is television. it will be interesting to see if he can carry that out in the town hall format for the next presidential debate. >> all right. andrea mitchell, who spent the...
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flag pin than the obama. is the debate over? 14 minutes until we can get all go back to preferring the candidate we liked when the debate started. remember, if you missed it last night and, of course, you want to see the whole thing for yourself, we're going to be airing the entire debate 1:00 p.m. eastern right here on cnn. >>> and the day after what many in his own party are calling a very disappointing debate performance. the president is now back out on the trail trying to get his mojo back. we're going to go live to denver. [ male announcer ] truth is, nyquil doesn't unstuff your nose. what? [ male announcer ] alka-seltzer plus liquid gels speeds relief to your worst cold symptoms plus has a decongestant for your stuffy nose. thanks. that's the cold truth! can youlyric can.aid do this? thanks. lyric can. lyric can. lyric by phonak is the world's only 24/7, 100% invisible hearing device. it's tiny. but lyric's not just about what you can't see. it's about what it can do. lyric can be worn 24/7 for up to four months, without
flag pin than the obama. is the debate over? 14 minutes until we can get all go back to preferring the candidate we liked when the debate started. remember, if you missed it last night and, of course, you want to see the whole thing for yourself, we're going to be airing the entire debate 1:00 p.m. eastern right here on cnn. >>> and the day after what many in his own party are calling a very disappointing debate performance. the president is now back out on the trail trying to get his...
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just moments from now, we expect president obama and his republican challenger, mitt romney, to take the stage for the first of three presidential debates. both candidates have spent most the cameras to prepare for tonight's debate. for governor romney, he has logged plenty of debate time during the gop primaries but he has not gone head-to-head the presidency untillnow. tonight's face-off will focus on domessic policy, including health care, the role of governments, and the number one issue on voters' minds, the economy. you can expect both candidates to have a say on the 8.1% of the unemployment rate and the national debt. keep in mind with early voting under way in 10 states already, many americans have already cast their ballots. still governor romney and presideet obama have plenty of opportunity to hurt or help their campaign in the next nine minutes. no cheering, no. now, the moderator, jim lehrer of pbs. >> good evening from maaness arena at the university of denver in denver colorado. i am jim lehrer of pbs news hour, and i welcome the new to the first of the 2012 presidenti
just moments from now, we expect president obama and his republican challenger, mitt romney, to take the stage for the first of three presidential debates. both candidates have spent most the cameras to prepare for tonight's debate. for governor romney, he has logged plenty of debate time during the gop primaries but he has not gone head-to-head the presidency untillnow. tonight's face-off will focus on domessic policy, including health care, the role of governments, and the number one issue on...
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is the mainstream media in the tank for president obama? what do you think the headline will be in the new york times thursday morning. go on to facebook, i want your suggestions please, very interesting. most in not all economic indicators point to another recession and we're getting another indicator at the top of the next hour, you will have it. and next up, peter schiff, predicted doom and gloom before. and weighs in on this, is recession inevitable next year, plus are we really going to send money to egypt. the romney and ryan team are talking about it and so are we. >> their response was slow, it was confused, it was inconsistent. >> we're going to get out of the box this metropolitan morning with a solid rally and futures, a 70, maybe 80 point gain for the dow, and close to 13-5, i do believe which of course left a thousand points away from the all time high for the dow industrials and that's what ben printing a lot of money will do for you. the market has opened and we've opened to the upside. and for 10 seconds will probably get up
is the mainstream media in the tank for president obama? what do you think the headline will be in the new york times thursday morning. go on to facebook, i want your suggestions please, very interesting. most in not all economic indicators point to another recession and we're getting another indicator at the top of the next hour, you will have it. and next up, peter schiff, predicted doom and gloom before. and weighs in on this, is recession inevitable next year, plus are we really going to...
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Oct 6, 2012
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obama said let's do something. but then what they proposed was simply inadequate. >> rose: was it because they focused on the financial sector at the exclusion of the housing issue? >> basically, basically. part of it was they were worried at the time that the kinds of things you needed to do. restructure the mortgage, write down the mortgages, would weaken the banking system. and they were more focused on helping the bankers than homeowners. you know, ode citizens. and i think that was a big mistake. >> rose: when you look at 2008 and the decisions made first by the bush administration, paulson, bernanke, geithner and later decisions by the president, summers and geithner and others or bernanke, were the right decisions at the time to deal with the financial crisis to avoid going over into some abyss? >> they prevented us from going into the abyss, i think that's right. >> rose: so what they did was right but they didn't do enough. >> and they didn't do it in the right way. so for instance one of the issues that i
obama said let's do something. but then what they proposed was simply inadequate. >> rose: was it because they focused on the financial sector at the exclusion of the housing issue? >> basically, basically. part of it was they were worried at the time that the kinds of things you needed to do. restructure the mortgage, write down the mortgages, would weaken the banking system. and they were more focused on helping the bankers than homeowners. you know, ode citizens. and i think that...